Precision Farming Market Gross Margins, Top Key Players Strategies and Forecast Research 2029

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The Precision Farming Market size was valued at US$ 7.58 Billion in 2021 and the total precision farming revenue is expected to grow at 12.9% through 2022 to 2029, reaching nearly US$ 20.02 Billion.

Precision Farming Market Overview

The market overview of the Precision Farming industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.

Precision Farming Market Report Scope and Research Methodology

The research methodology employed in the report on the Precision Farming market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.

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The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Precision Farming market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Precision Farming market, which involves aggregating data from individual segments to arrive at a total market size estimate.

Precision Farming Market Regional Insights

The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.

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Precision Farming Market Segmentation

By providing:
The precision agriculture market is further segmented into hardware, software, and services. In 2029, the precision agricultural machinery market is expected to become the largest. The precision agriculture market is segmented into three segments based on its products.
Hardware, Software and Services. Hardware has captured the largest market share in 2021 due to widespread deployment of automation and control devices (drone/UAV, GPS/GNSS, irrigation controllers, guidance and guidance systems, yield monitors and sensors).

By technology:
The precision agriculture market is segmented based on technology into GNSS, GIS, remote sensing, and VRT. Floating rate technology is expected to hold the highest share in 2029.

By request:
The market is segmented into various applications such as yield and soil monitoring, crop prospecting, precision irrigation, and mapping. Mapping has the highest market share in 2021. The precision irrigation management application market is expected to grow at a higher CAGR during the forecast period (2022-2029). Precision irrigation is expected to register an attractive growth rate during the forecast period (2022-2029). Precision irrigation uses technologies such as weather-based controls, rain sensors, temperature sensors, network elements, water meters and sensor-based controls. Growing needs for water conservation and food production and reduced resource waste are the main reasons for the increased use of precision instruments in irrigation management applications.  

Precision Farming Market Key Players

• Deere Company
• AGCO Corporation
• Trimble
• Raven Industries
• Topcon Positioning
• AgJunction
• Observant
• Granular Inc
• Agrivi Ltd.
• Monsanto Company
• Dickey-John Corporation
• Ag Leader Technology
• CNH Industrial NV
• SST Development Group.
• Trimble Navigation Limited
• Tetra Laval Holdings B.V.

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Key questions answered in the Precision Farming Market are:

  • What is Precision Farming ?
  • What are the factors driving the Precision Farming Market growth?
  • What are the factors are limiting the Precision Farming Market growth?
  • What was the Precision Farming market size in 2021?
  • Which trends are expected to generate additional revenue for the Precision Farming market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Precision Farming Market?
  • What growth strategies are the players considering to increase their foothold in the Precision Farming Market?
  • Who held the largest market share in the Precision Farming Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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